Absorption costing and variable costing are two different methods of assigning costs to units produced. The four cost items listed below are correctly accounted for as a product cost except: Calculator Time Value Tables A. Packaging and shipping costspart of product cost under absorption cost: yes; part of product cost under variable cost: yes B. Insurance on factorypart of product cost under absorption cost: yes; part of product cost under variable cost: no C. Direct labor costpart of product cost under absorption cost: yes; part of product cost under variable cost: yes D. Manufacturing suppliespart of product cost under absorption cost: yes; part of product cost under variable cost: yes